Kuala Lumpur. Malaysia

City of contrasts and diversity.

I do not remember exactly why we chose this city, but as I recall this city was a dream city to relocate for my Hungarian neighbours in Las Palmas.

Kuala Lumpur does not have many cultural / sightseeing spots and boast only by good malls and condominiums. Indeed I liked the condominiums there

Positive Negative
Business and education vibeHeat and humidity
City amenities at great priceTraffic
Great destinations within 6 hour flightsnon pedestrian friendly

Our latest condominium had more than 100 10year trees on top of 7th floor (6floors bellow is parking), 3 pools, one of them on 52 floor, sauna, gym, 24h security and a great lounge to wait for Grab.


We went to Safari Kid in Bangsar, international school with branches in Dubai, Hong Kong and London. The level of education is best what I have experienced. First i though it was a joke written in curriculum that 4 year olds can write few paragraphs on given topic, but faced it as a reality. The Chinese, who dictate the fashion and necessity of learning are very demanding from young age. The school cost about 500€ for 3-5 year old.

Pool in school. Children have swimming classes


My advice when choosing where to live in Kuala Lumpur is simple – choose the location where you have most of your business. We chose it because of kids school and it was only 5-20 minute drive with a Grab, which costed 1-3€ per drive. Other places that would consider for long stay are Mont Kiara and Desa park city. Desa park city has the best quality, but it has the worst location in relation to city center. If you come for 2 weeks – choose KLCC or Bukit Bintang.


The food in KL is amazing. And the price is ridiculously cheap.

My top places that I strongly recommend:

Table & Apron – used to have daily lunch there. Still remember the taste of cauliflower. And chocolate desert that is one of the best in the world. Close to Code Academy, where my wife took Ruby on Rails classes.

Din Tai Fung – Taiwanese/Chinese chain restaurant that even has restaurants in London and US-West Coast. Amazing dumplings and salad. Lunch ~8€ per person.

Breakfast Thieves – this is probably the only place where we used to take a walk from our condominium. Great vibe cafe for breakfast – same area as one of coworking space Uppercase

KomPassion – great Thai/Asian food

Vietnamese salad

Weekend getaways

Ipoh – the least interesting city we visited. After fine breakfast at Bangsar Breakfast Thieves

Johor Bahru – We went there only for Legoland and it totally worth it. First day we visited the park, spent the night in the LegoHotel and had dinner there, which I recommend. The second day we chose to go to Legoland aqua park. The best age to visit both parks is from 5 years as this age/height child can almost go to all slides and parks.

Langkawi. An island for 3 day visit. Do not recommend this island for longer stay. 

Westin Langkawi

Lombok. Indonesia

Drivy. Renting a car on carsharing

All the car rental companies I have used, and I have used 10s of different ones, try to rip off clients. My latest 15 day rent cost me 90€ and I got 3k km. Ford Focus. Even though I checked that I take from one airport and return in another train station I was additionally charged 50€ one way car relocation and 9€ airport fees at the counter. Still good price 140€ for 15 day rental. Also I was offered full insurance, which I did not take, for a whooping 20% of maximum franchise cost – it is worth buying it if I have an accident more than every fifth time during my rental. I believe that upselling the insurance, is the profit margins of insurance companies as many of users do not do the math or don’t have 1.5k at the checkin. When I wanted to extend my rental agreement for 7 days I was offered 290€, that is how I found the Drivy – aka airbnb for cars. The experience was awesome. First I have tested the hybrid car that I wanted to test and second the company is transparent in rental/insurance and that makes them great – no feeling of being ripped off.

Drivy open – is the third thing i like about this company – start renting the car without interaction to a person.

A new great marketplace is born so I though listing some cars there, as the numbers given by Drivy seemed too good to be true and if they are true it is possible to scale this business to 1000 cars.

I analysed for some time and came to conclusion that it is best to buy a 2-3 year old car, where you can install drivy open.

So I bought a car 2016 (2 year old) 50k km Toyota Yaris for 7850.

First 2 weeks I have parked it next to my house, while I did not have the open system installed I got many requests but didn’t respond in time or at some points the renters seemed suspicious and I didn’t accept them manually. After i got the drivy opened installed (29€ / month) I rented the best parking place for such rentals, just between two main train stations of Valencia.

First month I kept lower price to get traction/reviews and the first 3 weeks were promising. November 28th the car got into accident.

monthRevenue after feesinsurance + parking + opendepreciationNETwithout depreciation

 these were the price settings that were suggested by drivy for my car

I will continue with this experiment until summer.

My current notices:

  • people leave cars clean as requested
  • minimal help needed – if to scale i believe one person could handle 100 cars
  • if you want to maximize the revenue, you can list the car on multiple platforms – but this requires more manual which i do not want to do as this is not my goal. If i decided to go all in and hire people this would be definitely thing to do

If you want to rent out your car use OWE044 invitation code. We both get 100€ Amazon gift card

P2P portfolio update 2018.04 – 2018.10

26% of my networth is invested in P2P

The biggest move during 6 months is my allocation to EstateGuru, where 44% of my P2P investments are. I still believe this is one of the best platforms to start investing. Though as I have noticed in previous portfolio update, there are some high price projects that in my opinion are too risky. And this is the case/example where same location expensive property is late with payments. And another one at the same location in Tallinn, where i have quite big allocation.

At the moment 2 of 3 houses are collateral for 510.000 euro loans. (150k 3d stage and 360 4th stage).

I made almost all investments manually in last 6 months and now i turned back the auto-invest just with a minimum investment amount per loan.

Bondora. My allocation 7%. Currently i see 1k of future loss or -1% compound loss. This is mainly due to my playing with High Risk unsecured loans. (#strategy3). I am withdrawing the returned principal and interest and not making any new investments for more than 6 months already. I feel sad about the Estonian founder who was named by Forbes as 30 under 30. Lack of transparency is destroying this company.

Housers. I was very bearish on the platform. Their system is quite difficult to understand. They lack simple explanations. They do not have Auto-Invest. Their English support is poor. (read full review)

I had few calls  with and changed my mind increasing allocation 5x and now I allocate 21% of my P2P funds. As the investments are manual, i invest only in Spain and Portugal and avoid the Italy. I have some loans already returned and the actual return is better than advertised (I guess mainly due to real estate price appreciation in Spain).

Mintos. My allocation here is 24%. And from the last post I increased it by 200%. My account is quite healthy with minimum defaults or late 60days+.

My strategy is to choose low risk loan originators with collateral or buy back programs. I avoid car loans. Biggest allocation is to EBV Finance, as I know the owner and understand the risks of the business (Fraud and EU country default). Other allocations are approximately 1k per loan originator

Brickowner and Twino I can not say nothing bad about the platforms, but i am waiting to get the principal back and leaving those platforms. The first has very low deal flow. And the second is very similar in terms of loans/risks to Mintos.

My networth distribution

While living in Las Palmas de Gran Canaria, I have listened to podcast, that inspired me think of my networth. With my New Year resolutions i have decided to increase my networth by 5% 2018. To take action for this, every month I started calculating my networth, but just now decided to publish that for my friends.

p.s. I was very bearish previously on Housers, but I have increase my asset allocation to 5% there.

p.s.2 Mintos – I am very bearish now on this platform. 90% of Mintos is in EBV Finance loan originator paying 9%. 10% are split in low risk originators.

p.s.3 I was lucky with startup Revolut investing and just few weeks ago, with new Revolut financing I got a cash offer (which i did not take) to sell my shares. 20x return in 2 years.

Index funds for foreigners (non-us investors)

UPDATE. (2019) You can not buy USD Index funds in InteractiveBrokers if you are EU citizen/company. 

So I got some cash idle in account after the crypto arbitrage and though we have 9 year bull market and even such tables:

Perspective: S&P500

1997 -2000 +2x
2000 -2002 -50%
2002 -2007 +2x
2007 – 2009 -50%
2009 -2018 +~3x

I still believe there is 50/50 chance for Bull/Bear market in next 10 years. (currentS&P500 is @ 2767)

My initial idea with stock market was to make an passive index myself, buying stocks from S&P500 for the same amount. Buy i noticed it takes too much time, so i decided to go for the index funds and delete the IB trader app from my laptop.

The problem: foreigners can not buy low cost Vanguard index funds. The solution: I decided to buy iShares ETFs by BlackRock.

I have chosen:

  • ITOT Expense ratio 0.03%. (6.6% of my stock portfolio)
  • IJR Expense ratio 0.07%. (15% of my stock portfolio) (Small cap companies)
  • ICOL Expense ratio 0.61% (9% of my stock portfolio) (Columbia)
  • QQQC Expense ratio 0.65% (10% of my stock portfolio) (Chinese tech companies)

My current strategy is to continue investing in P2P loans with collateral, after the market crash of 20%+ start accumulating ITOT.

  • 40% of my stock portfolio is invested in indexes/ETFs
  • 9% of my net worth is invested in stock market.
  • 6.8% of all stock portfolio is in Softbank

Currently i hold these stocks:

Amazon FBA fail. Focus.

I am constantly looking to buy internet businesses. Usually I do that in Latonas and EmpireFlippers, sometimes Flippa. 2016 Amazon FBA businesses for sale appeared at quite nice valuation 24-30 months income with few hours per week of management. I have analysed 30-50 such businesses but decided not to buy as the risk was too big of not knowing many things. Therefor decided to try to do one product by myself. Initially i spent 100+ hours learning, by reading blogs, watching youtube and listening to podcasts. I even got a mentor who was running single FBA product successfully.  He gave me some shortcuts on product selection, shipping and general questions which would have taken me 10s of hours to find out in couple of minutes.

First i started analysing products that i was passionate / interested myself. As I had some backpain problems, I checked

  • foam rollers – even though the profit margins are insane in this niche, the competition is crazy.
  • standing desks converters – the competition is quite low, but I decided not to do this because the initial investment by my calculations had to be around 40k € to start this, and this is too big amount for me for testing. Another reason is that i stopped believing in converters myself (after using them) and i think the electric standing desk + monitor mount is the best solution for workplace. I might get back to this business in Spain. One of the german companies i admire that sell direct and on Amazon.

So after skipping those two I have chose the ‘perfect’ product for beginner: baby crib bumper. To go more niche and have no competition I decided to manufacture “black crib bumper”. I have ordered 3 samples and decided to go through with one manufacturer. His sample was good, and his communication skills were best. Initially he asked me for 70% down payment, but we agreed on 30%, but I paid 34% as I was eligible to get Alibaba assurance something with free inspection. (at the end i did not get alibaba free inspection and had to hire my own)

So after a product was done – I have sent inspection service – and fail rate was 40%. I was shocked and a factory promised to fix everything. At second inspection i was expecting fail rate to be less than 3%, but it came to 18%, (10% that i would pass and 8% that were really bad).

Finally I have made decision to skip on this deal. My total loss with this learning / experiment was about 1200€.

What i have learned from this:

  1. Textile is difficult. (I have a friend selling t-shirts. he flies to Bangladesh, Vietnam to check for quality himself)
  2. I need to focus. This was my side business that i was not passionate about at all just did for the sake of doing.

Now I am back to grow my dating and classified ads sites 85% of my time and 15% looking for passive investments.



P2P portfolio update: 2017.10 – 2018.04

Previous update here

EstateGuru. I have increased my allocation to 7.5% of my net worth in this platform. Turned off the auto-invest and doing investment manually. I have contacted support for improving the service with more abilities to filter the auto-invest settings, but they refused to do that. I see the biggest risk in projects, where collateral is Land (I rarely invest manually to Land collateral) or some risky projects such as:

 €1.000.000 house 30 minute drive from Tallinn. I am pretty sure that if this house was offered 50% discount from current valuation it would take months to sell it.

All the projects in Curonian Spit are extremely sensitive. The biggest risk with such projects is Government. The numbers might be right, but if they do not get a permit (which by law they technically should get in X amount of time) the numbers fall apart.

EstateGuru is the first P2P lending company I recommend to my friends

Bondora. Doing nothing with the account. Auto-invest is turned off. Waiting for more results from #strategy3. After 15 months from the start of this experiment I am approaching 50% mark of defaults. I know that 60% default rate would still bring me good return, but i have a feeling that i will have 70-80% of default from strategy3. The good thing that i put only 0,5% of my networth into this strategy testing, and still with the 75% default rate i think i would not lose the money.

Mintos. I have increased my allocation in this platform to 2.5% of net worth. I converted to all the possible currencies and split the risk between different platforms, currencies. Majority of operators i took those who offer collateral. The bad thing i did i exchanged too many DKK and 80% of this currency sits idle, and none of investments available in both primary and secondary market.

Twino. My lowest allocation.



Housers. They are pushing good ads. I liked especially the one that they claim that real returns are greater than expected. Still they do not convince me

Why I do not like them in short: (longer review here)
1. not clear about the collaterals. Especially on different types of loans.
2. no auto-invest
Maybe later on they will be my next P2P allocation to specific projects where the collateral is clear and understandable. Currently i understand only For buy-to-let and buy-to-sell projects.
USA p2p: PeerStreet, RealtyMogul.
I am thinking  of opening account there. I think it would be a good hedge country and currency wise, especially now when €/$ is @ 1,23. The thing that is stopping me that i have to incorporate in USA (±400$) and hire accountant (500$). So if I invest 50k$ that is 2% fee for first year and 1% fee for next one. Also I have read in many blogs and comments that Auto-invest is also crazy there where majority of projects goes to California.

Crypto arbitrage

Lots of my friends ask me if I am in crypto. What do they usually mean, when they ask this ‘if i am trading cryptocurrencies’. And the answer is no and i do not recommend doing this to any of my friends.

I did cryptocurrency buy/sell in a period of 20 days and doubled my money, but I saw this is too dumb/risky for me. Then i noticed that the prices for cryptos differ in exchanges. For example it was very common that BTC was 10% more expensive in South Korea than in USA. At some point it was even 43% arbitrage.

As Korea was quite inposible to make arbitrage due to foreign exchange regulations i checked Polish exchange and found that there was 5% arbitrage possible.

So what i did:

  1. purchased crypto in Kraken for €
  2. moved crypto to polish exchange bitbay.pl / bitmarket.pl
  3. sold crypto for PLN
  4. moved PLN to Paysera account.
  5. exchanged PLN to €
  6. deposit € to Kraken
  7. Repeat

This had very minimal risk. I was owning crypto for a max period of 2 hours. (Bitcoin cash was moving 2 hours on average between exchanges. ETH, BTC moved in ±15 minutes). Polish exchange after all the fees generated on average 5% arbitrage.

The arbitrage appeared regarding to two conditions:

  1. it was difficult to open crypto accounts.
  2. some markets (Korea, Poland, Thailand) wanted crypto ‘more’ and were willing to pay a little bit more if they could pay in their currency.

I did this arbitrage for 2 – 4 weeks on those margins. After that the margins dropped. I created scripts that took prices from different exchanges, calculated the arbitrage and send me a notification when there was arbitrage – therefor i was able to work on the margin of 1%. Starting from March i was not able to make even 1%


1 year with Bondora Strategy #3

I have started investing in Bondora in August of 2015 and noticed that loans that default, usually default on first payment. Therefor I came up with strategy #3: invest in HR (high risk) loans, with interest rate 50%+

After almost 12 months, i have following results:

Total loans  523 (473 not repaid yet) loans purchased, with 5483 of principal and 73% interest rate.

Defaulted 109 loans, with principal of 1388€ and interest rate of 75%

So it comes that only 25% of loans defaulted during first year with average interest rate of 74%.

On one hand it seems it should make extremely good returns, but on the other hand the current cash flows does not add up. If i count the cashflows in a simple diminishing way and multiply it by 5 years, the total amount returned will not generate return an might have negative return.

p.s. how do i chek what return i have made on repaid loans ? (523-473=50 repaid loans)

I do not find an answer if my strategy is good or bad.  I even tried manual XIRR calculation suggested by P2P-Banking for all of my portfolio, and I got following results:

Cryptocurrency investment

Being interested in Cryptocurrencies from 2017 July and thinking about investing in different ICOs or Coins finally I made 1,5% of my networth investment in cryptocurrencies.

I exit my investment in 5 years or if any of coins will get 10X.

The process:

  1. I opened account at Kraken (ETH, BTC, LTC) and Bitfinex (IOTA, NEO, EOS)
  2. Did verification of corporate account in Kraken. (didn’t do the verification in bitfinex, because i did not deposit/withdraw fiat currencies there). Verification in Kraken was quite easy. Some general questions and documents, 2 days of waiting and verified. (though i do not recommend Kraken for the constantly crashing website, as well i do not recommend Bitfinex after reading this article)
  3. Deposited 1.5% of my networth. (amount not significant to fully lose, and a good lottery ticket)
  4. decided on portfolio structure:
  • BTC 30% store of value. (gold)
  • ETH 40% smart contracts, base currency for all other new services/currencies.
  • LTC 15% strong leadership, common form of payment.
  •  MIOTA 5% coin for Internet of Things transactions.
  • NEO 5% better version of Chinese Etherium
  • EOS 5% just got a recommendation from friend who runs Currexy.com

The real portfolio ended up like this: (made some mistakes with currency pairs and/or exchanges. Be careful – write everything on paper before executing)

5. For tracking portfolio i setuped CryptoCompare (they do not have official App)

6. I created paper wallets (except EOS) and moved half of investment from exchange to paper wallet

my private keys on self made (wife made) paper wallet

7. My initial strategy was to hold it for 5 years or 10x, but after the bull rally after 7-9 from my investment, i decided that the volatility is too high here, and changed strategy to cash out half of coins (take back investment) and other half leave for 5 years.


Values of cryptos at the day of investing were 250M

For the BTC, it reached the highest price ever. I was waiting for BTC to go down for a long time. First i wanted to buy it at 3k (as i calculated that that 1% of Gold in the planet is equal to 1 BTC) then it was trading at 5.5k usd so i waited it to drop to 5k)

The side effects of investing in cryptos:

  1. there is some kind of paranoia while making paper wallets and writing them down. Article on other paranoias related to crypto
  2. even though I invested only 1.5% of my NW, I noticed that i spend 50% of my time at the computer, reading about Crypto and checking life portfolio.

Blockchain Graveyard. Crypto incidents

December 10th. I started exiting my positions, because the market started flooding with fools money. And in my opinion the last fool will pay that. Not only i have read about people mortgaging their houses or selling cars to invest in bitcoin, but even from my circle I knew people who borrow money with huge interest to buy bitcoin or 14 year old kids investing in cryptos (it is not bad to invest in cryptos, but the portfolio should be in other asset classes as well).

Bitcoin – millennials fake gold

So in 20 days, I have made 70% on my initial investment and added 1% of my networth. It may seem quite little, but stick to Warren Buffett’s rule ‘never lose the money’

Final thoughts

I learned a lot doing real trading.

After closing IOTA positions, i do not understand why it is #4 currency. To transfer mIotas from paper wallet to Bitfinex took me 3 days and some hours of reading.

EOS #11 currency does not have paper wallet.

I know i might return to crypto assets when the market cools down. I would invest in platforms EOS, NEO, Cardano or something similar.

I do not recommend my friends to invest in crypto now. But if you do that, make a portfolio of 5 or more and do not use Kraken as I did and invest amount you can freely spend during night out. Do the account opening now – because it takes time or just use Revolut to purchase 3 main cryptos

I will return to cryptos after 80% crash which i believe will happen soon.

My prediction is that we will have a snowball effect when some of the currencies crashes. For example Bitconnect, which is a absolute scam (who can pay 1% interest a day?).

Bitconnect crashed. There was basically no effect on the market. Something scammy and not transparent is happening with Tether (crypto linked to USD, which was created by Bitfinex – biggest exchange in the world)